Byju s Lenders Win Fight Over Loan Default, Control of Unit bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
Lenders to one of India's hottest tech startups, Byju's, created bogus default claims tied to a $1.2 billion loan as part of a scheme to gain control of the education technology provider, the firm's lawyer told a judge.
The distressed-debt lenders are “playing hardball” to create leverage in negotiations to restructure the loan and causing problems for Byjus executives, Sheron Korpus, a lawyer for the Bengaluru-base company, said at a hearing in state-court in Delaware Friday.
Byju s lenders using bogus default claims, says lawyer in Delaware court thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.